03 April 2020 – Provincial economic update and tax relief for Island property owners

Type of Intervention: Financial and Economic
Sectors Involved: Finance/Economy
Intervention Categories: Finance policy and financial aid; Stimulus packages and financial support
Level of Jurisdiction: Prince Edward Island
Lead People/Agency: Finance Minister Darlene Compton

Overview: To help address the non-health related impacts of COVID-19 on Islanders, the Province of Prince Edward Island announced an initial $25 million Emergency Contingency Fund to support new provincial programs and the expansion of current programs. Today, Finance Minister Darlene Compton announced a $15 million increase to the Emergency Contingency Fund in anticipation of the evolving critical needs of Island families, workers and businesses. Property tax relief was also established.
Full details here: https://www.princeedwardisland.ca/en/news/province-provides-covid-19-economic-update-confirms-property-tax-relief

Type of Justification: No justification given